Caixin
Dec 19, 2016 08:58 AM
BUSINESS

Chinese Travelers to Spend $14 Billion Overseas During Spring Festival, Ctrip Says

Tourists flock into Senado Square in Macau during the Chinese New Year holiday on Feb. 11. Photo: IC
Tourists flock into Senado Square in Macau during the Chinese New Year holiday on Feb. 11. Photo: IC

(Beijing) — Chinese travelers are expected to spend 100 billion yuan ($14.5 billion), while on vacation outside the mainland during the upcoming Chinese New Year holiday in late January and early February, according to Ctrip, China's largest travel services website.

Rising incomes and friendlier visa policies for Chinese passport holders have allowed more people to break away from the tradition of spending the Lunar New Year at home. And a depreciating yuan is unlikely to make a significant dent in travel numbers, the company said in a report last week.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code